ADDEV Materials reinforces its position as custom tape solutions converter with the acquisition of RIEWOLDT in Germany
Why acquire RIEWOLDT
RIEWOLDT is primarily active in the industrial and construction markets, and has for many years built strong relationships with major global manufacturers such as TESA, 3M and Nitto.
This new partnership reinforces the position of ADDEV Materials as a «Tape Solutions converter» in its strategic markets in Europe, and marks a first step in establishing ADDEV Materials on German soil.
Testimonials from the two partner companies
“To succeed in this project and develop industrial and sales synergies, we have decided to rely on the skills of the existing operational team and a German partner with a local management team, in order to build a leader of tape solutions converting in German-speaking countries,” says Pascal Nadobny, President of ADDEV Materials.
“For RIEWOLDT, this partnership with ADDEV Materials Group represents a real opportunity to develop our industrial know-how and our high-value adhesive and cutting technologies into new business applications,” adds Hermann Hogg, Managing Director of RIEWOLDT.